Compare Synthetix (SNX) vs FTX Token (FTT)

Synthetix is a protocol built on the Ethereum blockchain. Synthetix is a platform where users can purchase digitalized US stocks or other commodities in exchange for cryptocurrencies. Digitalized assets are called synthetic assets and are traded on a decentralized exchange called Kwenta. SNX is an ERC20 token.

FTT is a native coin of decentralized FTX cryptocurrency exchange platform with its derivatives and leveraged products. FTX stands out with its wide range of trading products. FTX platform accepts major fiat currencies via wire transfer. FTT is the utility token on the platform and can be used to pay lower fees and be used as collateral. FTX's founder and CEO is a famous crypto enthusiast Sam Bankman-Fried.